Solar(US:CSIQ) Prnewswire·2025-05-06 11:00Core Insights - Canadian Solar Inc. announced the launch of its SolBank 3.0 Plus battery energy storage product at Intersolar Europe, marking a significant advancement in its product line [1][4] Product Features - SolBank 3.0 Plus features enhancements in Lithium-Ion Phosphate (LFP) battery cell manufacturing, offering a 25-year lifespan, near-zero degradation for the first four years, and up to 12,000 cycles with 95% round-trip efficiency [2] - The product can increase lifetime energy throughput by over 13%, significantly reducing operational costs for customers [2] - Additional features include an aerospace-grade heat-resistant separator, upgraded electrical protection systems, and an optimized cooling system that reduces auxiliary load power consumption by up to 30% [3] Company Overview - Canadian Solar is one of the largest solar technology and renewable energy companies globally, having delivered nearly 150 GW of solar photovoltaic modules and over 10 GWh of battery energy storage solutions as of December 31, 2024 [5] - The company has a contracted backlog of US$3.2 billion and has developed approximately 11.5 GWp of solar power projects and 4.5 GWh of battery energy storage projects globally [5] - Canadian Solar operates a geographically diversified project development pipeline with 25 GWp of solar and 75 GWh of battery energy storage capacity in various stages of development [5] Subsidiary Information - e-STORAGE, a subsidiary of Canadian Solar, specializes in designing and manufacturing battery energy storage systems for utility-scale applications, with an annual production capacity of 20 GWh [6]